Need To Save Money on 34k's Worth of Tax

wealthymarketer

Hi everyone, I'm just going to explain my situation and if any of you could offer advice it would be greatly appreciated, (Im in the UK):

Over the last year I have made around £100,000 from various websites I set up.I received the money via cheque and deposited them in my barlcays current account. I also made that money when I wasn't registered as a business. I'm assuming this means I fall into paying tax as a sole trader....

And if so the rate will be extortionate (up to 40%). Is there a way I could incorporate now, so that I pay just 19%... and pay 19% on those earning even though they were paid into my bank when I wasn't registered?

Thanks,
Alex

P.S: Also if anyone happens to know of any viable schemes such as reinvesting in the business, etc please say

wealthymarketer

Could I for example buy a ready made shelf company formed 2-3 years ago, so that I can say I earned the money when I was incorporated, see:

http://www.sfsgo.com/shelfcompanylist.asp

Alex